Shares volatile on divergence

Tuesday, Mar 07, 2017 13:20

Shares are mixed on Tuesday morning on scattered investments. — Photo

Shares were volatile on Tuesday morning as investments were scattered on the back of a slump in large-cap stocks.

The benchmark VN-Index on the HCM Stock Exchange inched up 0.1 per cent to 716.8 points after sinking for most of the morning session.

On the Ha Noi Stock Exchange, the HNX-Index was down 0.1 per cent to 86.5 points.

Construction and real estate stocks continued to attract money, but the slump witnessed by several heavyweight large-cap stocks restrained the market.

FLC Group (FLC), Hoang Quan Consulting-Trading-Service Real Estate (HQC), Tan Tao Investment Industry (ITA) and Kinh Bac City Development (KBC), as well as Vinaconex (VCG) and Tasco (HUT) remained among the five most heavily-traded stocks on the two exchanges.

Barring ITA which declined 1.6 per cent, the other stocks increased between 0.6 per cent and 5.7 per cent each.

On the other side, however, large firms such as Vinamilk (VNM), lender BIDV (BID), tech giant FPT Corp (FPT), private equity firm Masan Group (MSN) and Mobile World Group (MWG) all sank.

A total of 156 million shares worth VND2.4 trillion (US$105 million) were traded on the two markets.

Afternoon trade starts at 1pm. – VNS

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